This page purely made live to help you make aware of financial terms and concepts that you may come across in your daily life.
AWARENESS
Understanding of concepts and inner workings of somethings starts with awareness. Once you know that somethings exists, you can venture into understanding it further if it relates to your short term or long term life goals.
Exchange Traded Fund (ETF)
Exchange Traded Fund is a fund type managed by a fund manager and is traded on stock exchange. The fund managers track the underlying asset and create units of the fund that can be bought and sold by you directly on the exchange.
Stock Exchange
Stock exchanges are in-principle a type of platform where financial products can be bought and sold.
Mutual Funds
Mutual funds are the funds that help people buy and sell securities as a basket. Mutual funds invest directly in debt and equity. securities and divides the total investment into small units that can be purchased and sold on exchange.
Promissory Note
Every printed currency is a promissory note. The note holds a promise to exchange the numercial value printed on the note for a product or service.
Money
Money is an imaginary system. It holds value when everyone (or a major proportion of human population believes in it and uses it). It works on the trust that the value exchange can be done via a medium of man-made instrument. This instrument can be a paper note, a metal coin, or even a digital code.